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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0812%/8h= +88.9% APRpaid last 24h +0.175%
Price spread now: Lighter against edgeX+0.244%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Long on edgeXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.275%+$27 on $10k
Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.244%, 7d avg +0.152%
Together, before fees+0.239%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.092% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.152%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.275% in total (about 14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX UNIUSDC8.95000.0100pay 0.0050% / 4h5m 26s$168K$344K20x
ShortLighter UNI8.97180.0912get 0.0114% / 1h5m 26s$4.6M$5.3M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$170.52
Price spread: +0.244% → +0.152%
$9.23
Slippage, 4 orders
−$18.27
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
$152.49
Costs to cover
0.273%
Break-even
0.7 days
Slippage from edgeX: live order book, 8 min ago; Lighter: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 8 min ago2.79 bp7.5 bp −$816.0 bp −$160doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago1.84 bp2.5 bp −$28.8 bp −$8894.4 bp −$9,442doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective UNI/USDC PERP−0.0049%1h8.8300−1.340%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9655+0.173%$62K—150xas long as short
Variational Omni UNI+0.0087%8h8.9503+0.004%$4.1M$4.4M—as long as short
OKX UNI-USDT-SWAP+0.0087%8h8.9600+0.112%$54.7M$248.8M50xas long as short
Nado UNI-PERP+0.0100%1h8.9567+0.076%$951K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9601+0.114%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9540+0.045%$296K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.9570+0.079%$221.7M$591.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9550+0.056%$101.2M$105.5M75xas long as short
Arcus UNI-USD+0.0100%1h8.9650+0.168%$269K$614K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h8.9530+0.034%$22.8M$59.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9610+0.123%$43.9M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9580+0.090%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9600+0.112%$32.7M$42.0M75xas long as short
BingX UNI-USDC+0.0100%8h8.9540+0.045%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9606+0.119%$1.1M$2.4M10xas long as short
edgeX UNIUSDClong+0.0100%4h8.9500long leg$168K$344K20x
GRVT UNI_USDT_Perp+0.0100%8h8.9730+0.258%$624K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9490−0.011%$88K$708K50xas long as short
StandX UNI-USD+0.0100%1h8.9580+0.090%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9628+0.144%$85K$366K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9520+0.023%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9590+0.101%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9569+0.078%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h8.9585+0.095%$717K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9580+0.090%$27.0M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9520+0.023%$26K—20xas long as short
Extended UNI-USD+0.0104%1h8.9513+0.015%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9557+0.064%$32K$1K3xas long as short
01 Exchange UNIUSD+0.0168%1h8.9589+0.100%$447—10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0207%1h8.9591+0.103%$577K$177K50xas long as short
BloFin UNI-USDT+0.0220%8h8.9480−0.022%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h8.9570+0.079%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0302%1h8.9528+0.032%$248K$6K10xas long as short
Reya UNIRUSDPERP+0.0365%1h8.9584+0.095%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0323%1h8.9546+0.051%$567K—120xas long as short
Hyperliquid UNI+0.0436%1h8.9699+0.223%$98.1M$59.6M10xas long as short
Kraken Futures PF_UNIUSD+0.0565%1h8.9621+0.135%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0871%1h8.9695+0.219%$1K$49K10xas long as short
Lighter UNIshort+0.0912%1h8.9718+0.244%$4.6M$5.3M15x